Tips for Teaching Kids How to Manage Money

Teaching personal finance to children doesn’t have to be a chore. But it can help to assign them a few chores. One family gave their kids a raise, to $20 a month, while expanding their responsibilities at home to include cleaning the bathroom, vacuuming, dusting and sorting laundry.

We asked Wall Street Journal readers: “How did you learn to manage money as a kid? What tips would you give parents?” Below is a selection of the best responses. If you’d like to contribute your own, tweet at @WSJLife or comment on our Facebook page.